STUDY INTERNATIONALLY

STUDY INTERNATIONALLY

  • Dual JD program with the University of Windsor
  • Extensive international law and comparative law courses
  • Established relationship with Universite d’Auvergne in Clermont-Ferrand, France

HANDS-ON LEARNING FROM DAY ONE

HANDS-ON LEARNING FROM DAY ONE

  • A legal writing program that starts in the first year and continues through the upper level courses.
  • A clinical program that ensures every student the opportunity to represent a client.
  • A unique law firm program that allows students to engage in simulated cases and transactions in specific practice areas.

EXPAND YOUR CAREER OPPORTUNITIES

EXPAND YOUR CAREER OPPORTUNITIES

  • Downtown Detroit location provides proximity to courts and employers
  • Strong Alumni Network dedicated to supporting Detroit Mercy Law graduates
  • Ability to pursue a concentration in Immigration Law or Family Law

DEDICATED TO SOCIAL JUSTICE

DEDICATED TO SOCIAL JUSTICE

  • Committed to developing lawyers who serve the public good
  • Committed to serving the Detroit community
  • Founded on Jesuit and Mercy principles of service and the success of each individual

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BAR STUDY LOANS

Bar study loans are private alternative loans through a bank or other lending agency.  These loans are designed to assist students to cover costs of bar exam fees, bar review courses, travel to the location of the bar exam, and living expenses while studying for the bar exam.

Being private loans, each bar loan will have its own terms. Lenders will evaluate a student’s application based on the student’s credit rating and other criteria.  Most if not all of these loans will have a variable interest rate with no cap on the interest amount; a limited number of years for repayment with few or no deferment or forbearance provisions; and no cancellation for death or disability.  Bar loans may also have an origination fee which is deducted from the proceeds when a student receives a disbursement and/or a fee that is added to the loan balance at repayment.  Bar loans are not federal loans nor are they federally guaranteed, which means that there are no special programs like income-based repayment or loan forgiveness, and few if any options for consolidation or interest-rate reductions.

Most lenders require a credit score of at least 650 to 700 to approve a student’s bar loan application.  Lenders are generally more concerned about a student’s payment history than debt-to-income ratio as lenders are aware that most students are not working full time while in school.  However, there are lenders that will not lend to students with total debt over certain limits. 

Students who do not qualify for a bar loan on their own may be able to apply for funds with a co-signer.  This will usually result in the student being charged the highest interest rate and fees at which the lender will still fund loans.  Students who do qualify on their own might want to ask the lender if they could receive better terms (interest rates and fees) with a creditworthy co-signer. 

Bar loans generally have a lifetime maximum limit of $10,000 to $15,000.  Most lenders will not accept an application from a student who has already obtained a bar loan from another lender.

Some lenders will allow a student to borrow a loan but receive funds in up to four disbursements in order to meet the student’s needs without accruing interest on the undisbursed amounts of the loan.  This saves the student money and gives the student the opportunity to delay, reduce or cancel later disbursements without penalty if those funds are not needed.

Students who need assistance with the costs of registering for the bar exam would be better to request a re-evaluation of their federal loans once they have documented the cost and the registration.  Federal loans may be awarded for the first bar exam fees only.  Generally the loan that the student receives is the Federal Graduate PLUS loan. 

Just a note about interest rates—

A Bar or other private alternative student loan will almost universally carry a variable interest rate that is based on two parts:  a standard index, such as Prime Rate or LIBOR (London Interbank Offered Rate), which are rates at which banks can borrow; plus a margin which allows the lender to make a profit. The standard indices are now at extremely low levels—LIBOR under .6 percent and Prime around 3.25%.  Because these are so low and banks are much more risk-averse since 2008, interest rates are similar to those from 2008 or earlier – or between about 7.5 and 14%.  This means the margins have increased significantly since 2008 when LIBOR was running around 4.5% to 5% and Prime was around 7-8%.  Should Prime and LIBOR increase significantly, so will the interest rate on these student loans and there is no “cap” or limit on the interest rate or the monthly payment amount the bank charges based upon their formula.  Thus, a student who signs a promissory note specifying an interest rate of LIBOR plus 7% may have a 7.5% interest rate now, but if LIBOR returns to pre-2008 rates, a student could easily have a 12% interest rate in a few years. It is important that students read all the terms and conditions on the promissory note before accepting funds from the lender as origination fees may still be charged on loans that are disbursed and then returned.

University of Detroit Mercy does not have a preferred lender list for Bar Loan lenders so students may want to do an internet search of banks and other lenders that provide these loans.

EVENTS


Lunch at the Michigan Bar Exam - Michigan State University

Tuesday, February 23, 2016 - 11:45 am

Complimentary boxed lunches will be served to Detroit Mercy Law graduates taking the Michigan Bar Exam on February 23 and February 24. We will be in the Kellogg Center during lunch breaks to distribute the free lunches.

For additional information, please contact Asst. Dean Denise Hickey at 313-596-0202, hickeydp@udmercy.edu. 


2016 International Drafting Competition - University of Detroit Mercy

Friday, February 26, 2016 - 9:00 am

Detroit Mercy Law's International Intellectual Property Law Clinic in conjunction with the Elijah J. McCoy United States Patent and Trademark Office will host the inaugural International Patent Drafting Competition.

http://law.udmercy.edu/index.php/academics1/patent-drafting-competition


Book Awards Ceremony & Reception - Detroit Mercy Law Campus

Tuesday, March 1, 2016 - 5:00 pm

Detroit Mercy Law will host its annual Book Awards ceremony on March 1, 2016 at 5:00pm at Ss. Peter & Paul Jesuit Church, followed by a celebratory reception in the atrium. Business attire is required.

The Book Awards celebrate outstanding academic and service achievement. Detroit Mercy Law presents the Book Awards to students who have ranked first in a law school course in the preceding year or who have provided exceptional service to the school. Students on the Dean’s Honor List are also acknowledged.  


Law Review Centennial Symposium - Room 226

Friday, March 4, 2016 - 8:30 am

The Law Review will host a symposium on March 4, 2016, in celebration of its centennial year. The symposium will feature legal professionals and scholars from the City of Detroit and across the country to discuss legal issues confronted throughout Detroit's history, today, and issues that may arise in the future. Confirmed speakers include Detroit's Deputy Mayor Ike McKinnon; Chief Judge of the U.S. District Court for the Eastern District of MI Gerald Rosen; and Chair of the Board of Directors of the Detroit Institute of Arts Gene Gargaro ('67).

Press Release>>

Law Review Centennial Symposium Speakers>>

Register Online for the Symposium>> 


McElroy Lecture on Law and Religion - Detroit Mercy Law Campus

Wednesday, March 16, 2016 - 5:00 pm

Our annual McElroy Lecture provides a forum for prominent thinkers and leaders to address fundamental issues of law and religion. This year's lecturer is Professor Kent Greenawalt of Columbia Law School addressing religious exemptions in same-sex marriages. Professor Greenawalt will be joined by commentators Andrew Koppelman of Northwestern University and Michael Moreland of Villanova University Charles Widger School of Law and University of Notre Dame Law School.

The lecture will be held on Wednesday, March 16, from 5:00 – 6:00 pm in room 226, followed by a complimentary reception in the atrium.

Event Details>>

Register Online for McElroy Lecture>>

NEWS